Tag Archives: Prices

Vital Farms (VITL) CEO Russell Diez-Canseco says the recent spike in egg prices, up more nearly 60% year-over-year, is “a head scratcher.” “Over the course of 2022, we certainly saw inflationary impacts to our key inputs like the grains we feed our girls [hens] and the diesel fuel that the truckers use to fuel their trucks as they deliver the eggs to the grocery stores,” Diez-Canseco told Yahoo Finance. “Our approach to price increases has been to take them reluctantly in small amounts.” A… Source link

Get ready for gas prices to rise again going into spring. A gallon of driving fuel could go back above $4, according to GasBuddy petroleum analyst Patrick De Haan. “It’s a question of when, not if. I think something like that could happen by potentially April, maybe sooner,” said De Haan. “I think motorists are going to start getting squeezed more so in late February. The next three weeks could be a bit of a mixed bag,” he said. De Haan points to planned breaks in production at refineries as… Source link

Get ready for gas prices to rise again going into spring. A gallon of driving fuel could go back above $4, according to GasBuddy petroleum analyst Patrick De Haan. “It’s a question of when, not if. I think something like that could happen by potentially April, maybe sooner,” said De Haan. “I think motorists are going to start getting squeezed more so in late February. The next three weeks could be a bit of a mixed bag,” he said. De Haan points to planned breaks in production at refineries as… Source link

With egg prices spiking 59.9% year-over-year, so have the number of attempts to bring them across the U.S.-Mexico border. “There has been a large increase in the volume of prohibited food items, such as raw eggs and raw poultry meat, brought by travelers from Mexico. We would like to remind the traveling public that federal agricultural regulations remain in effect,” said Jennifer De La O, CBP Director of Field Operations in San Diego, said in a recent release. Roger Maier, a U.S. Customs… Source link

A person shops in the beverage aisle at a grocery store in Toronto, Ontario, Canada November 22, 2022. REUTERS/Carlos Osorio Inflation in Canada increased 6.3 per cent in December from last year, Statistics Canada said on Tuesday, as gas prices fell but mortgage interest costs continue to rise and the cost of food remains stubbornly high. December’s increase in the Consumer Price Index (CPI) marks the third straight month where the annual rate of inflation decreased from the prior month. In… Source link

A person shops in the beverage aisle at a grocery store in Toronto, Ontario, Canada November 22, 2022. REUTERS/Carlos Osorio Inflation in Canada increased 6.3 per cent in December from last year, Statistics Canada said on Tuesday, as gas prices fell but mortgage interest costs continue to rise and the cost of food remains stubbornly high. December’s increase in the Consumer Price Index (CPI) marks the third straight month where the annual rate of inflation decreased from the prior month. In… Source link

AriZona beverage company co-founder Don Vultaggio vowed to maintain the brand’s iconic 99-cent can, but to keep that promise amid rampant inflation, something else had to give. At the beginning of the year, the New York-based company (nope, not Arizona) raised the price of its 20-ounce bottle, what it calls “Tallboys,” from $1.00 to $1.25, up 25%, in the Northeast, its largest market. “We changed the price in certain markets at the beginning of this year,” he told Yahoo Finance in a phone… Source link

The cost of eggs stood out in Thursday’s CPI report — rising 59.9% year-over-year and 11.1% month-over-month from November to December. This marked the largest monthly increase since April 2020 and the largest annual jump since September 1973, according to Steve Reed, an economist at the Bureau of Labor Statistics (BLS). Eggs, he said, single-handedly brought up the cost of groceries in December, which rose 0.2% month-over-month. “If you sort of removed eggs, if you took eggs out of [the… Source link

The volatility in the used car market rolled on in 2022, but there might be some relief for car buyers coming this year. The Manheim Used Vehicle Value Index (MUVVI) for the month of December posted a 0.8% increase in auto prices month over month, however it dropped a whopping 14.9% year over year, the largest annualized price decline ever in the 26-year history of the index. That being said, December’s index rating of 219.3 is still much higher than pre-pandemic levels, when the 2019… Source link

Tesla (TSLA) stock fell early Friday after the company cut the price on two of its models in China, the automaker’s second cut in three months as it battles waning demand in the country. Tesla cut prices on its China Model 3 by 13.5%, which now starts at $33,515, and its Model Y by 10%, which now starts at $37,899, according to calculations from Reuters. Shares of the company fell more than 7% at the market open on Friday following the news, setting a new 52-week low for the automaker. Tesla… Source link